How To Find Car Insurance For The Over 50s
When you get to your 50s you are in one of the cheapest groups for car insurance; you’ve most likely had a lot of experience, hopefully built up a no claims bonus and you’re typically a low-risk driver.
That said, you are unlikely to find the best deal with a quote from one company so it’s advisable to shop around and this is where we come in. By now nearly everyone is familiar with the concept of price comparison and by using the quote system on our site you’ll be able to compare more than 100 car insurance providers by filling out just one quote form, with quotes displayed instantly on the screen.
Should you choose the cheapest quote?
Quotes will be shown in price order but it doesn’t necessarily mean you should opt for the quote at the top of the table. It’s advisable to take time looking over the various policies to identify the one most suitable to your situation.
Third party only, third party fire and theft or comprehensive?
Bearing in mind that drivers over 50 already benefit from lower insurance costs than most other groups you may decide that it is worth spending more on the right policy. For example, it can be cheaper to choose a third party only insurance policy but if you were to be at fault during a crash your vehicle would not be covered under your insurance therefore most likely negating the small saving you made on your cover.
How many quotes will I receive now I am 50 or over?
Another benefit of being over 50 is that more insurance providers will quote on the comparison system, providing you with even more choice. It can often be the case for other groups of drivers that a high number of providers will simply not provide a quote as they do not want the business, however this is not the case for drivers over 50 which we’ll benefit you even more.
Should I choose annual or monthly insurance?
It is always cheaper to pay for your insurance annually, paying monthly incurs interest charges of up to 30%. If you can pay straight away it is always advisable.
Does fully comp insurance cover me to drive other people’s cars?
It is surprising how many people with fully comp insurance believe they are automatically insured to drive any car, this is not always the case so be sure to check with your insurance provider. If the ability to drive other cars is something you require then it is advisable to look at each insurance providers terms when comparing quotes.
Do I have to use a specialist over 50s insurance provider?
You are certainly not obliged to, sometimes it may prove beneficial and for others it may not. Special over 50s insurance can come with benefits including no upper age limits, allowing you to get insurance in your 90s. As well as no age limits you may also have the option of a “get you home” service, emergency driver service (allowing any driver to drive you home in the event of an emergency) and some give unlimited European cover.
How can I lower the cost of my over 50s car insurance?
Annual insurance: We’ve already touched on this above, however it is worth mentioning again that monthly insurance can add as much as 30% to the cost of your policy, ouch.
Car Alarms and Immobilisers: You may find it beneficial to improve the security on your car by fitting an alarm and or an immobiliser.
Compare each year: Insurance is a strange industry in that loyalty does not necessarily pay. We regularly hear/see reports of drivers’ renewal quotes being substantially higher than what is on offer when they take the time to compare quotes and switch providers.